Penbrook Management LLC bought a new position in Williams Companies Inc (NYSE:WMB) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 26,480 shares of the pipeline company’s stock, valued at approximately $807,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Williams Companies in the third quarter worth about $105,000. Woodard & Co. Asset Management Group Inc. ADV bought a new stake in shares of Williams Companies in the fourth quarter worth about $112,000. SeaCrest Wealth Management LLC bought a new stake in shares of Williams Companies in the fourth quarter worth about $117,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Williams Companies in the third quarter worth about $172,000. Finally, Bronfman E.L. Rothschild L.P. grew its stake in shares of Williams Companies by 44.4% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 6,550 shares of the pipeline company’s stock worth $197,000 after purchasing an additional 2,013 shares during the last quarter. 86.46% of the stock is currently owned by institutional investors.
In other news, Director Kathleen B. Cooper sold 4,000 shares of Williams Companies stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $28.31, for a total transaction of $113,240.00. Following the completion of the transaction, the director now directly owns 45,465 shares in the company, valued at $1,287,114.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James E. Scheel sold 26,915 shares of Williams Companies stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $33.00, for a total transaction of $888,195.00. The disclosure for this sale can be found here. Insiders have sold 32,915 shares of company stock valued at $1,057,995 over the last quarter. Company insiders own 0.50% of the company’s stock.
WMB has been the topic of several recent analyst reports. Zacks Investment Research cut Williams Companies from a “hold” rating to a “sell” rating in a research note on Saturday, February 10th. JPMorgan Chase & Co. raised Williams Companies from a “neutral” rating to an “overweight” rating in a research note on Friday, March 9th. Jefferies Group restated a “buy” rating and issued a $37.00 price objective on shares of Williams Companies in a report on Friday, January 12th. Scotiabank restated a “hold” rating and issued a $36.00 price objective on shares of Williams Companies in a report on Monday, January 29th. Finally, UBS restated a “buy” rating and issued a $36.00 price objective (down from $37.00) on shares of Williams Companies in a report on Friday, March 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $35.27.
Shares of Williams Companies stock opened at $27.00 on Thursday. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 1.26. Williams Companies Inc has a 1-year low of $24.76 and a 1-year high of $33.67. The company has a market cap of $21,675.98, a PE ratio of 10.31 and a beta of 1.38.
Williams Companies (NYSE:WMB) last issued its quarterly earnings data on Wednesday, February 14th. The pipeline company reported $0.20 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.20. Williams Companies had a net margin of 27.07% and a return on equity of 3.38%. The business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same period last year, the business posted ($0.02) earnings per share. equities analysts anticipate that Williams Companies Inc will post 0.8 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 26th. Stockholders of record on Friday, March 9th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 5.04%. This is a positive change from Williams Companies’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, March 8th. Williams Companies’s dividend payout ratio (DPR) is presently 51.91%.
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Williams Companies Company Profile
The Williams Companies, Inc is an energy infrastructure company. The Company is focused on connecting North America’s hydrocarbon resource plays to markets for natural gas, natural gas liquids (NGL), and olefins. As of December 31, 2016, its interstate gas pipelines, midstream and olefins production interests were held through its investment in Williams Partners L.P.
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